Nintendo stock rises 7.1pc as Switch 2 launch breaks sales records

WEB DESK: Nintendo Co. shares rallied the most in two months to a fresh record as investors increased their focus on the firm’s strong sales growth as a shelter from global volatility.

The stock extended gains to a fifth day, adding as much as 7.1 percent on signs of overwhelming demand for the Switch 2. The Kyoto-based game maker sold over 3.5 million units of the highly anticipated console in the four days since it was launched that vastly outstripped sales of the original Switch eight years ago.

“As the US and Japan failed to reach an agreement on tariff measures on the sidelines of the Group of Seven summit, funds are flowing into the game sector, which is less affected by tariffs,” said Hideki Yasuda, an analyst with Toyo Securities Co.

Nintendo Switch 2 smashes record as company’s fastest-selling console

Gains were also seen in other companies in the gaming sector, which is viewed a more resilient to tariff uncertainties and a worsening geopolitical outlook. Square Enix Holdings Co. rose as much as 4.7 percent and Bandai Namco Holdings Inc. added 3.9 percent.

Japanese companies control two of the world’s top gaming platforms – Sony’s PlayStation and Nintendo’s Switch – and some of the most successful game series like Elden Ring and Super Mario.